JSPL reports 29% rise in July standalone steel sales, says demand up

JSPL's export sales contributed 39 per cent of total standalone sales in July 2020.

Jindal Steel & Power (JSPL) has reported a 29 per cent increase in standalone steel sales of 6,37,000 tonnes in July compared to the same period last year.

Last year in the same period, standalone steel sales were at 4,93,000 tonnes. Consolidated steel sales were higher by 25 per cent year-on-year to 7,62,000 tonnes during July 2020 as compared to 6,11,000 tonnes during the same period last year.

V R Sharma, the company’s managing director, said domestic steel demand was increasing as companies mended supply chains and people returned to work after a nationwide lockdown to contain the coronavirus. "Thanks to the